LDR Medical makes spinal implants that replace damaged vertebral discs and can help patients regain mobility. Thanks to backing from Keensight Capital, Troyes-based LDR was able to secure US Food and Drug Administration (FDA) approval, which allowed it to crack the crucial US market.
Private equity financed the lengthy clinical trials needed to approve the revolutionary implant, and also helped expand the company’s sales force, which has enabled LDR to push further into Europe, Asia and South America. To date, LDR is the only medical device maker to have FDA approval for an artificial disc for a 2-level spinal surgery in the US. Its success led to the company listing on the NASDAQ in 2013, setting the stage for further international growth.
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